Defence stocks rallied sharply on Wednesday, with Cochin Shipyard, Bharat Dynamics, and others climbing up to 11% on the BSE. The rally was driven by the success of Operation Sindoor and Prime Minister Narendra Modi’s strong endorsement of India's defence manufacturing capabilities.
Cochin Shipyard jumped 11% to Rs 1,749, while Paras Defence rose 8.4%. Mazagon Dock Shipbuilders gained 6.6%, Bharat Dynamics added 4.4%, and both Bharat Electronics and Hindustan Aeronautics climbed over 2%. Zen Technologies hit the 5% upper circuit.
The surge followed the execution of Operation Sindoor — India’s military response to the April 22 Pahalgam terror attack — which showcased the country’s defence strength and deployment of indigenous systems.
In his first national address following the operation, PM Modi called for greater military self-reliance and highlighted India’s rising role in modern warfare.
“We have proven our dominance in modern warfare,” Modi said. “We have always defeated Pakistan on the battlefield. Today, we’ve demonstrated our superiority again. The time has come for ‘Made in India’ defence equipment. We’ve adopted a zero-tolerance policy towards terrorism.”
Operation Sindoor, which lasted four days, involved a combination of Russian, French, Israeli, and Indian-made equipment. Notably, Indian systems played a central role in live combat, boosting global confidence in India’s defence capabilities. With indigenous platforms now battle-tested, international interest in Indian-made weapons is expected to grow, giving further impetus to the ‘Make in India’ initiative.
PM Modi counters Pakistan's S-400 claims
Adding to the momentum, PM Modi on Tuesday visited the Adampur airbase in Punjab and posed in front of the S-400 missile system — a move widely seen as a direct rebuttal to Pakistan’s claim that it had destroyed the system during recent hostilities.
Pakistan’s Air Force had earlier claimed that its hypersonic missiles had struck and destroyed India’s S-400 system at Adampur, releasing fabricated videos as part of a broader misinformation campaign. However, India’s Ministry of External Affairs and the Press Information Bureau (PIB) strongly refuted these claims.
“Pakistan claimed that it damaged our S-400 and BrahMos missile bases with its JF-17, which is completely wrong,” said Colonel Sofiya Qureshi during a press briefing. “It also spread false claims that our airfields in Sirsa, Jammu, Pathankot, Bhatinda, Naliya, and Bhuj were hit. All of these are misinformation.”
The public dismissal of Pakistan’s claims — along with the success of Operation Sindoor and PM Modi’s assertive messaging — has further strengthened investor confidence in Indian defence stocks.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Cochin Shipyard jumped 11% to Rs 1,749, while Paras Defence rose 8.4%. Mazagon Dock Shipbuilders gained 6.6%, Bharat Dynamics added 4.4%, and both Bharat Electronics and Hindustan Aeronautics climbed over 2%. Zen Technologies hit the 5% upper circuit.
The surge followed the execution of Operation Sindoor — India’s military response to the April 22 Pahalgam terror attack — which showcased the country’s defence strength and deployment of indigenous systems.
In his first national address following the operation, PM Modi called for greater military self-reliance and highlighted India’s rising role in modern warfare.
“We have proven our dominance in modern warfare,” Modi said. “We have always defeated Pakistan on the battlefield. Today, we’ve demonstrated our superiority again. The time has come for ‘Made in India’ defence equipment. We’ve adopted a zero-tolerance policy towards terrorism.”
Operation Sindoor, which lasted four days, involved a combination of Russian, French, Israeli, and Indian-made equipment. Notably, Indian systems played a central role in live combat, boosting global confidence in India’s defence capabilities. With indigenous platforms now battle-tested, international interest in Indian-made weapons is expected to grow, giving further impetus to the ‘Make in India’ initiative.
PM Modi counters Pakistan's S-400 claims
Adding to the momentum, PM Modi on Tuesday visited the Adampur airbase in Punjab and posed in front of the S-400 missile system — a move widely seen as a direct rebuttal to Pakistan’s claim that it had destroyed the system during recent hostilities.
Pakistan’s Air Force had earlier claimed that its hypersonic missiles had struck and destroyed India’s S-400 system at Adampur, releasing fabricated videos as part of a broader misinformation campaign. However, India’s Ministry of External Affairs and the Press Information Bureau (PIB) strongly refuted these claims.
“Pakistan claimed that it damaged our S-400 and BrahMos missile bases with its JF-17, which is completely wrong,” said Colonel Sofiya Qureshi during a press briefing. “It also spread false claims that our airfields in Sirsa, Jammu, Pathankot, Bhatinda, Naliya, and Bhuj were hit. All of these are misinformation.”
The public dismissal of Pakistan’s claims — along with the success of Operation Sindoor and PM Modi’s assertive messaging — has further strengthened investor confidence in Indian defence stocks.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
